Analysts Anticipate Cboe Global Markets, Inc. (NASDAQ:CBOE) Will Post Quarterly Sales of $344.88 Million

Equities analysts predict that Cboe Global Markets, Inc. (NASDAQ:CBOE) will announce sales of $344.88 million for the current quarter, Zacks reports. Five analysts have provided estimates for Cboe Global Markets’ earnings, with the highest sales estimate coming in at $348.40 million and the lowest estimate coming in at $341.00 million. Cboe Global Markets posted sales of $296.90 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The firm is scheduled to report its next quarterly earnings report before the market opens on Friday, July 30th.

According to Zacks, analysts expect that Cboe Global Markets will report full-year sales of $1.38 billion for the current year, with estimates ranging from $1.37 billion to $1.39 billion. For the next year, analysts anticipate that the firm will report sales of $1.41 billion, with estimates ranging from $1.37 billion to $1.43 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Cboe Global Markets.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Thursday, April 29th. The company reported $1.53 EPS for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.13. The firm had revenue of $365.50 million during the quarter, compared to the consensus estimate of $344.30 million. Cboe Global Markets had a return on equity of 16.72% and a net margin of 12.72%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 EPS.

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Cboe Global Markets from $107.00 to $117.00 and gave the stock a “buy” rating in a research note on Monday, May 10th. increased their price target on Cboe Global Markets from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, April 26th. Piper Sandler increased their price target on Cboe Global Markets from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Monday, July 12th. Morgan Stanley assumed coverage on Cboe Global Markets in a research note on Friday, June 11th. They issued an “underweight” rating and a $104.00 price target for the company. Finally, Zacks Investment Research cut Cboe Global Markets from a “buy” rating to a “hold” rating and set a $124.00 price target for the company. in a research note on Tuesday, June 22nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $180.87.

In related news, EVP John P. Sexton sold 1,996 shares of the company’s stock in a transaction on Monday, May 3rd. The stock was sold at an average price of $107.19, for a total transaction of $213,951.24. Following the transaction, the executive vice president now directly owns 18,892 shares of the company’s stock, valued at $2,025,033.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bryan Harkins sold 3,678 shares of the company’s stock in a transaction dated Thursday, May 6th. The stock was sold at an average price of $110.00, for a total value of $404,580.00. Following the completion of the transaction, the executive vice president now directly owns 32,411 shares in the company, valued at $3,565,210. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,786 shares of company stock valued at $4,119,527. 0.56% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC increased its holdings in shares of Cboe Global Markets by 8.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,271,847 shares of the company’s stock valued at $322,897,000 after acquiring an additional 268,527 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cboe Global Markets by 5.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,845,974 shares of the company’s stock valued at $280,870,000 after acquiring an additional 150,739 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cboe Global Markets by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 1,897,406 shares of the company’s stock valued at $186,776,000 after acquiring an additional 43,927 shares during the last quarter. Norges Bank acquired a new position in shares of Cboe Global Markets during the 4th quarter valued at about $100,783,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Cboe Global Markets by 14.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 892,514 shares of the company’s stock valued at $88,082,000 after purchasing an additional 109,364 shares during the period. 80.34% of the stock is currently owned by institutional investors and hedge funds.

CBOE traded down $1.60 during trading on Monday, reaching $116.70. 30,376 shares of the company were exchanged, compared to its average volume of 526,145. The firm has a market capitalization of $12.45 billion, a PE ratio of 22.40 and a beta of 0.66. The business’s 50 day moving average price is $115.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.20 and a current ratio of 1.20. Cboe Global Markets has a 52 week low of $77.63 and a 52 week high of $122.27.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 15th. Stockholders of record on Friday, May 28th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Thursday, May 27th. Cboe Global Markets’s dividend payout ratio is 31.88%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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Earnings History and Estimates for Cboe Global Markets (NASDAQ:CBOE)

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